SK Hynix is considering paying investment banks approximately 0.5% of the total funds raised in its ADR offering as underwriting fees.
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AI investment boom faces a crucial test: SK Hynix's US IPO may be a key indicator.
According to Odaily Odaily, South Korean memory chip giant SK Hynix plans to list on Nasdaq this Friday, becoming another major technology company to go public in the US after SpaceX. SK Hynix reportedly plans to raise approximately $28 billion through the issuance of American Depositary Receipts (ADRs). As a key supplier to Nvidia, SK Hynix primarily produces high-bandwidth memory (HBM), DRAM, and NAND flash memory products, and its business is benefiting from the increased storage demand driven by the expansion of AI infrastructure. Market analysts believe that SK Hynix's US listing will be a crucial test of investor interest in the next wave of AI technology IPOs. Over the past 12 months, its South Korean-listed shares have surged by approximately 770%, exceeding the roughly 700% increase of its competitor Micron Technology during the same period. SK Hynix's listing reflects the expanding investment boom in the AI industry chain, moving from large-scale models and computing chips to memory and the semiconductor supply chain. The market anticipates a potential surge in large AI and technology company IPOs in the second half of 2026. (Fortune)
OKX World Cup prediction event adds a separate prize pool for the quarterfinals, with a total value of approximately 225,000 U.
According to official sources, as the 2026 Odaily Cup enters the quarterfinals, OKX's World Cup prediction activity will add five independent prize pools, covering predictions for the four final teams and multiple single-match predictions. These prize pools are sponsored and co-built by ecosystem partners including Fabric Protocol, Block Street, AIW3, Midnight, and Nesa, with rewards in multiple cryptocurrencies such as ROBO, USDT, and Night, totaling approximately 225,000 USDT. In addition, predictions for the championship team, the Golden Boot award, and other categories are open for users to participate in.
Despite the chip stock crash, global institutions are snapping up SK Hynix as Nasdaq welcomes a mega-IPO.
According to BlockBeats, on July 8th, SK Hynix's approximately $28 billion American Depositary Receipt (ADR) offering was oversubscribed several times before pricing, with about 1,000 institutional investors participating in the roadshow, attracting active subscriptions from global long-term funds and technology investors. If successfully completed, this offering will be one of the largest IPOs by a foreign company in the US, and the company is expected to list on the Nasdaq Global Select Market this Friday. Despite recent volatility in the global semiconductor sector, with SK Hynix's share price falling by about 17% this month, institutional enthusiasm has not been significantly affected. Market analysts believe that US investors have relatively scarce investment channels for the South Korean memory chip leader, and the scarcity premium and long-term growth expectations related to AI continue to support this offering. Jung In-yoon, Global CEO of Fibonacci Asset Management, stated that market volatility "may affect short-term investor sentiment or execution timing, but I would be surprised if it substantially interferes with the trade itself. Unless market conditions deteriorate significantly from here on out, the pricing impact should be manageable."
Hyperscale Data increased its holdings by 51 bitcoins, bringing its total holdings to approximately 900 bitcoins.
According to PRNewswire, Hyperscale Data, a US-listed AI data center company with Bitcoin as its core holding, announced that its subsidiary ACG purchased 115.9205 Bitcoins on the open market between June 30 and July 6. As of now, its total Bitcoin holdings have reached approximately 900 Bitcoins. As of July 6, 2026, the company's total holdings of Bitcoin, cash, restricted cash, and silver assets are valued at approximately $111.4 million.
Security experts indicate that approximately $22 million in illicit funds flowed into HitBTC in 2026, and the platform repeatedly refused to cooperate with the investigation.
According to ChainCatcher, Darcy, co-founder of FlashRescue, disclosed that approximately $22 million in illicit funds flowed into the cryptocurrency exchange HitBTC in 2026. He pointed out that HitBTC refused to cooperate with police investigations on two separate occasions, a practice consistent with the platform's actions, as reported by several on-chain investigators. He mentioned that in the Bybit theft case, as much as $3.68 million from a money laundering network linked to DPRK (North Korea) flowed into HitBTC, but the platform again failed to cooperate with the relevant authorities in subsequent investigations.
JPMorgan Chase and HSBC: Market pullbacks provide a window for investment, not a trend reversal.
According to BlockBeats, on July 6th, as we enter the second half of the year, several Wall Street institutions believe that the recent market correction is more of a repositioning opportunity than a trend reversal. Both JPMorgan Chase and HSBC Holdings believe that short-term volatility in global stock markets will not change the overall upward outlook, but the two institutions differ in their specific allocation strategies. Mislav Matejka, Head of Global and European Equity Strategy at JPMorgan Chase, and his team stated that they have maintained a "buy on dips" view since the outbreak of the Iranian conflict. The bank believes that the global economy remains resilient, the situation in the Middle East has not significantly damaged economic growth, and central banks have not shifted to more aggressive tightening policies. Strategists expect that global and emerging market stock markets are likely to reach new highs in the future, and believe that the attractiveness of international markets is increasing. They also believe that the South Korean market, after its recent correction, is worth buying on dips. In terms of sectors, JPMorgan Chase believes that the Philadelphia Semiconductor Index has presented another buying opportunity after the recent correction, but remains relatively cautious about large-cap US technology stocks. The bank advises caution regarding AI-driven sectors, including software, business services, and media. Conversely, the basic resources sector has regained its investment value after recent adjustments, and gold is becoming more attractive. Strategists also point out that overall investor positioning remains cautious, with the market holding substantial cash reserves. If a summer correction occurs, funds are expected to flow back into the stock market. Max Kettner, Head of Multi-Asset Strategy at HSBC Holdings, is more focused on the recovery opportunities in leading AI companies. He stated that the market is entering its summer rally in July and August, and AI hyperscale cloud service providers have already experienced a cumulative correction of approximately 20%, which is considered excessive. Kettner believes that current market expectations for these companies' earnings have been significantly lowered, and these companies still maintain strong profitability. If they can prove that their massive AI capital expenditures are gradually translating into revenue, it will further drive valuation recovery.